Alliancebernstein L.P. Purchases 148,876 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Alliancebernstein L.P. increased its stake in The Travelers Companies by 56.8%, now holding 410,957 shares worth approximately $108.68 million.
• GAMMA Investing LLC significantly expanded its holdings by 31,132.9%, with a total of 2,203,481 shares valued at around $582.73 million.
• The Travelers Companies recently announced a quarterly dividend of $1.10 per share, representing a 1.6% yield and an annualized dividend payout of $4.40.

Alliancebernstein L.P. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 56.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,957 shares of the insurance provider's stock after purchasing an additional 148,876 shares during the period. Alliancebernstein L.P. owned approximately 0.18% of Travelers Companies worth $108,682,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PFG Advisors grew its stake in Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. grew its stake in Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after buying an additional 1,772 shares during the last quarter. Portside Wealth Group LLC bought a new stake in Travelers Companies during the first quarter worth about $208,000. Atlas Capital Advisors Inc. grew its stake in Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after buying an additional 4,098 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after buying an additional 1,703 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.2%

TRV traded down $0.49 during mid-day trading on Monday, hitting $274.73. The stock had a trading volume of 843,731 shares, compared to its average volume of 1,169,175. The stock's fifty day simple moving average is $265.09 and its 200-day simple moving average is $262.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $280.70.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRV. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group increased their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.